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Abcourt Mines
(ABI)
Abcourt Mines (ABI) vs. iShares MSCI Canada ETF (EWC)
Abcourt Mines Business Overview & Revenue Model
Abcourt Mines Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 265.12K | 7.01M | 20.39M | 27.59M |
| Gross Profit | -5.39M | -545.55K | -338.00K | 2.78M | -2.41M | 3.43M |
| EBITDA | -18.72M | -15.43M | -10.36M | -4.82M | -19.48M | 4.92M |
| Net Income | -20.10M | -14.42M | -11.59M | -5.34M | -21.62M | 2.42M |
Balance Sheet | ||||||
| Total Assets | 31.81M | 21.41M | 14.06M | 17.40M | 12.29M | 31.79M |
| Cash, Cash Equivalents and Short-Term Investments | 594.36K | 2.58M | 757.75K | 963.97K | 720.51K | 2.45M |
| Total Debt | 16.03M | 2.28M | 1.32M | 1.85M | 2.48M | 1.93M |
| Total Liabilities | 37.30M | 22.01M | 20.35M | 19.27M | 15.41M | 15.05M |
| Stockholders Equity | -5.49M | -599.53K | -6.28M | -1.87M | -3.13M | 16.73M |
Cash Flow | ||||||
| Free Cash Flow | -28.14M | -17.94M | -10.40M | -664.31K | -3.94M | -2.59M |
| Operating Cash Flow | -21.27M | -17.53M | -10.16M | -79.64K | -1.96M | 5.12M |
| Investing Cash Flow | -10.30M | 232.77K | 3.64M | -477.14K | -1.98M | -7.12M |
| Financing Cash Flow | 31.36M | 19.12M | 6.31M | 800.25K | 2.21M | 2.49M |
Abcourt Mines Technical Analysis
Abcourt Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$110.69M | -6.98 | -32.54% | ― | ― | -661.70% | |
53 Neutral | C$116.83M | -69.05 | -0.57% | ― | 160.50% | 96.56% | |
50 Neutral | C$134.42M | -21.33 | -91.76% | ― | ― | 16.91% | |
50 Neutral | C$154.36M | -28.52 | ― | ― | ― | -77.78% | |
47 Neutral | C$123.99M | -4.93 | ― | ― | -100.00% | -7.21% | |
44 Neutral | C$90.62M | -3.82 | ― | ― | ― | ― |
Abcourt Mines Corporate Events
Abcourt Mines Inc. has signed a binding term sheet with Glencore AG for up to US$30 million in senior debt financing, along with an associated offtake agreement covering future gold, silver and other mineral production. The two-tranche facility will allow Abcourt to refinance higher-cost debt, fund exploration and capital expenditures at its Flordin project, and bolster working capital, while Glencore receives warrants, participation rights in future equity financings and broad offtake and first-refusal rights over production from Abcourt’s key assets, including all dore from the Sleeping Giant Mine and future output from Flordin-Cartwright. The arrangement is expected to lower Abcourt’s cost of capital, extend debt maturities and secure a long-term sales channel for its metals, potentially strengthening the company’s balance sheet and accelerating development timelines, subject to final documentation and regulatory approvals.
Abcourt Mines has signed a binding term sheet with Glencore AG for up to US$30 million in senior debt financing and a related offtake agreement, providing funds in two tranches to refinance higher-cost debt, support exploration and capital expenditures at the Flordin project, and bolster working capital. The package, which also grants Glencore warrants, participation rights in future equity financings, and long-term rights to purchase production from the Sleeping Giant Mine and other Abcourt properties, is expected to lower Abcourt’s cost of capital, secure a key marketing channel for its future gold, silver and other mineral output, and strengthen its strategic positioning ahead of anticipated production growth, subject to regulatory and closing conditions.
Abcourt Mines Inc. provided an operations update for November concerning its Sleeping Giant Mine project, highlighting progress in workforce expansion and workplace development. Challenges related to sequencing during startup impacted throughput, but the company emphasized improved mill recovery and head grade. Additionally, Abcourt announced its recognition at the Mines and Money conference as one of the best mining projects globally, aiming to raise investor awareness and solidify its industry positioning. A notable collaboration with Technica Mining will further develop skilled labor for long-term growth, indicating strategic efforts to foster both operational and workforce development.
Abcourt Mines Inc. announced the successful results of its Annual Shareholders Meeting, with all resolutions receiving over 94% approval. The meeting saw the election of board nominees and the reappointment of Raymond Chabot Grant Thornton as auditors. Noureddine Mokaddem was appointed as the new Chairman of the Board, while other key officers retained their positions, signaling stability and continuity in the company’s leadership.
Abcourt Mines Inc. reported a significant net loss for the first quarter ending September 30, 2025, primarily due to costs associated with the development of the Sleeping Giant mine and other operational expenses. The company has engaged Red Cloud Securities to provide market-making services to improve the liquidity of its common shares, with the aim of maintaining a reasonable market presence.
Abcourt Mines Inc. has provided an update on its October 2025 operations at the Sleeping Giant mine in Quebec. The company reported milling 2,563 tonnes with a mill head grade of 6.0 g/t, achieving a recovery rate of 95.6%, and producing 475 ounces of gold. Abcourt is actively hiring to increase mill feed volume and has received a custom milling permit to discuss processing third-party materials. The company has increased its diamond drill rigs and is focusing on underground development and shaft station rehabilitation. Abcourt is also enhancing its communication and marketing efforts by participating in various mining conferences and creating promotional materials to attract investors.
Abcourt Mines Inc. has announced arrangements for its upcoming annual meeting of shareholders, scheduled for December 10, 2025, in Montreal, Quebec. Due to a potential Canada Post service disruption, the company has provided alternative options for shareholders to access meeting materials and vote. These include electronic access to documents and extended deadlines for proxy submissions. The meeting will address annual matters such as receiving financial statements, electing directors, and appointing auditors.
Abcourt Mines Inc. has successfully closed a $10 million brokered private placement, facilitated by Red Cloud Securities Inc. The funds raised will be allocated towards working capital and the advancement of the Flordin-Cartwright project in Québec. The transaction includes the issuance of flow-through units and regular units, with proceeds from the flow-through units specifically earmarked for Canadian exploration expenses. This strategic financial move is expected to bolster Abcourt’s operational capabilities and enhance its exploration activities, potentially strengthening its position in the mining sector.
Abcourt Mines Inc. has received an environmental certificate of authorization for custom milling at its Sleeping Giant mill, allowing it to process gold ore from off-site deposits. This development enables Abcourt to engage in commercial discussions with potential clients, providing a cost-effective milling solution for gold development companies lacking their own processing facilities. By utilizing less than 40% of its mill’s capacity for its own ore, Abcourt aims to maximize its mill’s use by processing external ore, thus increasing revenue and asset value while exploring potential synergies with nearby deposits.
Abcourt Mines Inc. reported its financial results for the fourth quarter and year ended June 30, 2025, highlighting a significant improvement in working capital, which rose to $2,952,725 from a negative $4,947,411 the previous year. The company also noted a substantial increase in exploration expenditures due to major work on the Sleeping Giant and Flordin properties. With financing secured from Nebari, Abcourt is transitioning the Sleeping Giant property into development mode, with production preparations having begun in August 2025, signaling a strategic shift in its operations.
Abcourt Mines Inc. has announced a brokered private placement to raise up to $8.5 million, facilitated by Red Cloud Securities Inc. This funding will be used for working capital, general corporate purposes, and specifically for the exploration and advancement of the Flordin-Cartwright project in Québec. The offering includes flow-through units and regular units, with proceeds from the flow-through units earmarked for Canadian exploration expenses. This strategic move is expected to bolster Abcourt’s exploration activities and strengthen its position in the mining sector, particularly in the Abitibi Greenstone Belt.
Abcourt Mines Inc. has reported its first quarter operations update for the Sleeping Giant Mine, highlighting the commencement of material processing at its mill and the development of underground drifts. The company aims for a 95% gold recovery rate and has initiated production from the first stope, with plans to expand to three stopes within the next year. Surface infrastructure developments, such as the completion of phase 1 of the sleep camp and kitchen, were also noted. These advancements mark significant progress towards achieving full commercial production, indicating a positive trajectory for the company’s operational capabilities and future growth.